6,419 Shares in Masco Co. (NYSE:MAS) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in Masco Co. (NYSE:MAS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,419 shares of the construction company's stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Masco by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 43,407 shares of the construction company's stock worth $3,150,000 after purchasing an additional 4,776 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Masco in the 4th quarter valued at about $2,548,000. Caxton Associates LP lifted its stake in shares of Masco by 238.3% in the 4th quarter. Caxton Associates LP now owns 10,927 shares of the construction company's stock valued at $793,000 after acquiring an additional 7,697 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Masco by 6.6% during the 4th quarter. Brown Advisory Inc. now owns 662,550 shares of the construction company's stock valued at $48,081,000 after acquiring an additional 41,088 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Masco by 25.8% during the 4th quarter. BNP Paribas Financial Markets now owns 739,994 shares of the construction company's stock worth $53,701,000 after acquiring an additional 151,592 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insider Buying and Selling at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Masco Stock Up 0.6 %

Shares of NYSE MAS traded up $0.38 on Friday, reaching $62.09. 2,510,898 shares of the company's stock traded hands, compared to its average volume of 1,760,258. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The business's 50 day simple moving average is $65.40 and its two-hundred day simple moving average is $73.33. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.00%. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Masco's dividend payout ratio is 33.88%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MAS shares. Royal Bank of Canada dropped their price objective on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Robert W. Baird dropped their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company lowered their price target on Masco from $82.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial cut their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $73.10.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.